Distributing Goods and Services Quick Check Which events would be more common in a command economy than a market economy? Select all that apply.

Answer 1

In a command economy, the government exerts significant control over the production and distribution of goods and services, which leads to specific events that are more common compared to a market economy. Here are some events that would typically be more common in a command economy:

1. Centralized Planning: The government makes decisions about what goods and services are produced, in what quantities, and how they are distributed.

2. Allocation of Resources by the State: Resources are allocated based on government priorities rather than consumer demand.

3. Fixed Prices: Prices for goods and services may be set by the government rather than determined by market forces.

4. Limited Consumer Choices: There is often a more limited variety of products available since choices are made at the government level rather than by consumer preference.

5. Government Control over Production: The government often owns and operates most, if not all, of the industries, leading to state-run enterprises producing goods and services.

6. Employment Assignments: The government may assign jobs to individuals rather than allowing a free job market to determine employment based on personal choice.

If you have specific events in mind or need a detailed explanation of why these events are prevalent in a command economy, let me know!

Answer 2

Distributing Goods and Services Quick Check